Commercial Property

Staff Reporter

, Hong Kong

Published:

2 years ago

Dealmaking suffered in 2022 with 41% drop

Trading volume reached US$6.7b.

Similar to other markets in the region, dealmaking activities in Hong Kong dimmed in 2022 after reaching US$6.7b, which dropped 41% in 2022.

This was according to MSCI which also reported that trading of offices continued to weaken in 2022 due to rising interest rates for CBD office assets.

Benjamin Chow, Head of Asia Real Assets Research at MSCI, said the traditional commercial sectors had shrunk in 2022.

He added that hotel and multifamily sectors posted positive results.

The value of rental apartments for investment went up, with HK$1 billion for the first time.

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